Nvidia (NVDA) has backed Baseten, a startup focused on providing inference for artificial intelligence applications, in its latest funding round, according to the Wall Street Journal.
The funding round generated $300M and has more than doubled Baseten’s valuation to $5B, the report said. The round was led by IVP, a technology-focused venture capital firm, and CapitalG, which is Google’s (GOOG)(GOOGL) independent growth fund.
Baseten recently completed a Series D funding round of $150M in September.
“The world’s most dynamic AI companies like Abridge, OpenEvidence, Clay, Mirage, Zed, Gamma, Sourcegraph, Writer, and Bland use Baseten to power applications that reach hundreds of millions of users,” said Baseten CEO and co-founder Tuhin Srivastava. “We are the best infrastructure partner to these teams—we let them take performance and reliability for granted, so they can focus on what makes them unique. As model-driven products become ubiquitous, we will be the invisible infrastructure behind the AI-first economy.”
Nebius (NBIS) recently partnered with Baseten to offer AI companies and enterprises text-to-video inferencing across all its cloud regions in the U.S., Finland and France.
“Nebius provides the AI cloud foundation with dedicated GPU clusters and elastic scale, and Baseten layers on an inference stack that makes that power predictable and efficient for day-to-day workloads,” Nebius said of the partnership.
Baseten also provides support for Nvidia’s Nemotron 3 Nano, which is a high-accuracy, high-efficiency open AI model.